Community Foundations of the Hudson Valley

Analysis

Community Foundations of the Hudson Valley is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Community Foundations of the Hudson Valley reported income of $33.0m and spending of $21.5m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $16.8m to $33.0m (+97%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Foundations of the Hudson Valley sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Jamboree Housing Corporation ($33.0m), Bioversity International ($33.0m) and Appalachian State University Foundation Inc ($33.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $303k (1.4% of expenses). Other salaries and wages came to $624k. At year end it held assets of $121.8m against liabilities of $12.9m, net assets of $108.8m. It reported 15 employees.